Shares of Nova Measuring Instruments Ltd. (NASDAQ:NVMI) have been assigned a consensus recommendation of “Buy” from the seven research firms that are currently covering the stock, Marketbeat reports. One analyst has rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12-month target price among brokerages that have covered the stock in the last year is $24.00.

Several equities analysts have issued reports on the stock. Stifel Nicolaus upped their price objective on shares of Nova Measuring Instruments from $25.00 to $28.00 and gave the company a “buy” rating in a research note on Monday, June 26th. Zacks Investment Research upgraded shares of Nova Measuring Instruments from a “hold” rating to a “strong-buy” rating and set a $27.00 price objective for the company in a research note on Tuesday, May 16th. BidaskClub upgraded shares of Nova Measuring Instruments from a “hold” rating to a “buy” rating in a research note on Wednesday, July 12th. ValuEngine upgraded shares of Nova Measuring Instruments from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Finally, Needham & Company LLC upped their price objective on shares of Nova Measuring Instruments from $27.00 to $32.00 and gave the company a “buy” rating in a research note on Friday, June 9th.

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Nova Measuring Instruments (NASDAQ:NVMI) opened at 25.40 on Tuesday. The company has a 50-day moving average price of $24.27 and a 200-day moving average price of $19.79. The stock has a market cap of $697.64 million, a price-to-earnings ratio of 34.94 and a beta of 0.84. Nova Measuring Instruments has a 52 week low of $10.94 and a 52 week high of $28.41.

Nova Measuring Instruments (NASDAQ:NVMI) last released its quarterly earnings data on Tuesday, May 9th. The semiconductor company reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.10. Nova Measuring Instruments had a net margin of 10.93% and a return on equity of 21.37%. The company had revenue of $54.40 million during the quarter, compared to the consensus estimate of $52.30 million. During the same quarter in the prior year, the firm posted $0.16 earnings per share. Nova Measuring Instruments’s revenue for the quarter was up 59.5% on a year-over-year basis. Equities research analysts anticipate that Nova Measuring Instruments will post $1.62 EPS for the current year.

Several large investors have recently made changes to their positions in the stock. UBS Group AG boosted its position in Nova Measuring Instruments by 11.1% in the first quarter. UBS Group AG now owns 6,389 shares of the semiconductor company’s stock valued at $118,000 after buying an additional 638 shares in the last quarter. FNY Partners Fund LP purchased a new position in Nova Measuring Instruments during the first quarter valued at about $120,000. Insight Capital Research & Management Inc. purchased a new position in Nova Measuring Instruments during the second quarter valued at about $228,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new position in Nova Measuring Instruments during the first quarter valued at about $340,000. Finally, State of Tennessee Treasury Department purchased a new position in Nova Measuring Instruments during the first quarter valued at about $344,000. 37.55% of the stock is owned by institutional investors and hedge funds.

About Nova Measuring Instruments

Nova Measuring Instruments Ltd. provides metrology solutions for the semiconductor manufacturing industry. The Company offers in-line Optical and x-ray stand-alone metrology systems, as well as integrated optical metrology systems, which are attached directly to wafer fabrication process equipment. Its metrology systems measure various film thickness and composition properties, as well as critical-dimension (CD) variables during various front-end and back-end of line steps in the semiconductor wafer fabrication process.

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